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Name

As of 12/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Core Bond Fund

WABAX | Fund

$10.41

$13.6 B

4.03%

$0.42

0.81%

Vitals

YTD Return

0.2%

1 yr return

0.7%

3 Yr Avg Return

-4.5%

5 Yr Avg Return

-1.4%

Net Assets

$13.6 B

Holdings in Top 10

24.5%

52 WEEK LOW AND HIGH

$10.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 72.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Western Asset Core Bond Fund

WABAX | Fund

$10.41

$13.6 B

4.03%

$0.42

0.81%

WABAX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -4.5%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.16%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Western Asset Core Bond Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Apr 30, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Lindbloom

Fund Description

The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, will invest at least 80% of its net assets, including the amount of borrowing for investment purposes, if any, in debt and fixed income securities. Although the fund may invest in debt and fixed income securities of any maturity, under normal market conditions the target dollar-weighted average effective duration for the fund is expected to range within 20% of the average duration of the domestic bond market as a whole as estimated by the fund’s subadviser. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of structural complexities (for example, some bonds can be prepaid by the issuer).
The fund presently intends to limit its investments to U.S. dollar denominated securities and currently anticipates that it will generally only purchase debt securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or unrated securities of comparable quality at the time of purchase (as determined by the subadviser). These securities are known as “investment grade securities.” The fund may invest up to 25% of its total assets in the securities of non‑U.S. issuers. The fund may invest a substantial portion of its assets in mortgage-backed and asset-backed securities.
The fund may also enter into various exchange-traded and over‑the‑counter derivative transactions for both hedging and non‑hedging purposes, including for purposes of enhancing returns. These derivative transactions include, but are not limited to, futures, options and swaps.
In particular, the fund may use interest rate swaps, credit default swaps (including buying and selling credit default swaps on individual securities and/or baskets of securities), options (including options on credit default swaps) and futures contracts to a significant extent, although the amounts invested in these instruments may change from time to time. Other instruments may also be used to a significant extent from time to time.
Read More

WABAX - Performance

Return Ranking - Trailing

Period WABAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -7.5% 11.4% 91.08%
1 Yr 0.7% -6.5% 14.2% 89.73%
3 Yr -4.5%* -10.6% 27.3% 95.95%
5 Yr -1.4%* -7.5% 58.4% 95.16%
10 Yr 1.0%* -3.0% 73.7% 77.65%

* Annualized

Return Ranking - Calendar

Period WABAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -16.2% 8.1% 57.07%
2022 -19.2% -34.7% 131.9% 95.64%
2021 -4.1% -11.6% 4.4% 79.76%
2020 4.9% -9.9% 946.1% 32.34%
2019 6.5% -1.7% 16.9% 20.53%

Total Return Ranking - Trailing

Period WABAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -7.5% 11.4% 91.08%
1 Yr 0.7% -6.5% 14.2% 89.73%
3 Yr -4.5%* -10.6% 27.3% 95.95%
5 Yr -1.4%* -7.5% 58.4% 95.16%
10 Yr 1.0%* -3.0% 73.7% 77.65%

* Annualized

Total Return Ranking - Calendar

Period WABAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -11.3% 11.9% 58.00%
2022 -17.1% -32.2% 131.9% 96.70%
2021 -2.1% -9.4% 9.2% 88.21%
2020 8.9% -1.9% 1009.0% 35.33%
2019 10.0% 1.1% 21668.0% 19.09%

NAV & Total Return History

WABAX - Holdings

Concentration Analysis

WABAX Category Low Category High WABAX % Rank
Net Assets 13.6 B 2.9 M 314 B 15.73%
Number of Holdings 1646 1 17880 27.28%
Net Assets in Top 10 1.79 B 1.62 M 35.1 B 18.36%
Weighting of Top 10 24.51% 4.7% 3984.6% 43.02%

Top 10 Holdings

  1. Western Asset Premier Institutional Government Reserves 8.97%
  2. Fannie Mae or Freddie Mac 2.86%
  3. Fannie Mae or Freddie Mac 2.81%
  4. United States Treasury Note/Bond 1.85%
  5. United States Treasury Note/Bond 1.80%
  6. United States Treasury Note/Bond 1.43%
  7. United States Treasury Note/Bond 1.36%
  8. United States Treasury Note/Bond 1.23%
  9. Fannie Mae or Freddie Mac 1.13%
  10. United States Treasury Note/Bond 1.07%

Asset Allocation

Weighting Return Low Return High WABAX % Rank
Bonds 		100.82% 0.00% 9231.88% 22.57%
Cash 		8.97% -54.51% 237.69% 18.67%
Other 		2.43% -27.25% 1695.17% 62.03%
Convertible Bonds 		1.46% 0.00% 7.93% 49.84%
Stocks 		0.00% 0.00% 99.98% 62.84%
Preferred Stocks 		0.00% 0.00% 72.34% 58.20%

Bond Sector Breakdown

Weighting Return Low Return High WABAX % Rank
Securitized 		38.09% 0.00% 98.40% 25.50%
Corporate 		30.55% 0.00% 100.00% 48.59%
Government 		25.82% 0.00% 86.23% 48.07%
Cash & Equivalents 		8.97% 0.00% 237.69% 19.81%
Derivative 		0.06% -6.56% 44.82% 32.16%
Municipal 		0.02% 0.00% 100.00% 72.52%

Bond Geographic Breakdown

Weighting Return Low Return High WABAX % Rank
US 		100.82% 0.00% 9042.62% 19.61%
Non US 		0.00% 0.00% 189.26% 64.94%

WABAX - Expenses

Operational Fees

WABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.01% 39.64% 38.41%
Management Fee 0.40% 0.00% 1.76% 66.14%
12b-1 Fee 0.25% 0.00% 1.00% 37.34%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

WABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.00% 5.75% 22.06%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

WABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WABAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 2.00% 493.39% 30.42%

WABAX - Distributions

Dividend Yield Analysis

WABAX Category Low Category High WABAX % Rank
Dividend Yield 4.03% 0.00% 10.11% 59.63%

Dividend Distribution Analysis

WABAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

WABAX Category Low Category High WABAX % Rank
Net Income Ratio 1.16% -1.28% 4.79% 82.71%

Capital Gain Distribution Analysis

WABAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

WABAX - Fund Manager Analysis

Managers

Mark Lindbloom

Start Date

Tenure

Tenure Rank

Dec 29, 2006

15.43

15.4%

– Western Asset Management Company, LLC – Portfolio Manager, 2005- – Citigroup Asset Management – Portfolio Manager, 1986-2005 – Brown Brothers Harriman & Co. – Portfolio Manager, 1981-1986 – New York Life Ins. – Analyst, 1978-1980 – Pace University, M.B.A. – Rider University, B.S.

S. Leech

Start Date

Tenure

Tenure Rank

Aug 19, 2013

8.79

8.8%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

Julien Scholnick

Start Date

Tenure

Tenure Rank

May 01, 2016

6.08

6.1%

– Western Asset Management Company, LLC – Portfolio Manager, 2003- – Salomon Smith Barney – Associate, Private Client Group, 2000-2001 – Digital Coast Partners – Senior Analyst, 1999-2000 – Arthur Andersen, LLP – Senior Analyst, 1997-1999 – Cornell University, M.B.A. – University of California, Los Angeles, B.A., magna cum laude – Chartered Financial Analyst

Frederick Marki

Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

Frederick R. Marki is a Portfolio manager of Western since 2005. He began his investment career in 1983 and has a BS from the Massachusetts Institute of Technology. Marki joined Western Asset in 2006. Prior to this, Marki was a director of Citigroup Asset Management and investment officer of the manager. and its predecessor companies.

John Bellows

Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

– Western Asset Management Company, LLC – Portfolio Manager, 2012- – U.S. Department of the Treasury – Acting Assistant Secretary for Economic Policy; Deputy Assistant Secretary for Microeconomic Analysis; Senior Advisor in the Office of Economic Policy, 2009-2011 – University of California, Berkeley, PhD Economics – Dartmouth College, B.A. Economics, magna cum laude – Chartered Financial Analyst

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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